The accused shall publicly announce the summary of the judgment of innocence against the accused.

The defendant is the representative director of corporation B established for the purpose of electronic payment settlement agency business.

1. On February 2016, the Defendant: (a) at the D office located in the 7th floor of Busan Dong-gu Busan Metropolitan City, the Defendant: (b) held three patent rights related to mobile simple settlement system using base radio communications (NFC) equivalent to KRW 1 billion per opening; (c) the simple settlement system developed by his company is convenient and safe because it does not require both F and other simple settlement systems; and (d) the Defendant was promising to list at the end of the year because it is convenient and safe because it does not require F and all of its establishment and subscription to membership; and (e) if it is planned to list at the end of the year, the Plaintiff would purchase B stocks of the Co., Ltd. with the face value of KRW 500 per share with the face value of KRW 2,500 per share with the face value of KRW 4,00,000 per share, the Plaintiff would repurchase from the company without any condition of KRW 14,00 per share in an emergency trading market for seven months.

However, even if the defendant received the subscription money from the victims, he was planned to use the amount equivalent to 40% of the subscription money for the purpose unrelated to the creation of profits by promising to pay the amount equivalent to 40% of the subscription money as commission to D Co., Ltd. which recruited investors. Since the above stock company B did not have sales and profits, there was no intention or ability to redeem the above stocks in KRW 4,00 per share after seven months.

Ultimately, the Defendant received KRW 25,00,000 from the victim as a share subscription deposit on March 7, 2016 from the victim to the G bank account under the name of the Co., Ltd. (B) in the same manner between February 19, 2016 and June 15, 2016 in the same manner, and received total of KRW 468,20,000 from the victim 57 times in total, as shown in the list of crimes in the attached list of crimes in the same manner.

2. The defendant who violates the Act on the Regulation of Conducting Fund-Raising Business without obtaining authorization or permission, making registration or report, etc.